GBPAUD London briefing — 2026-06-23

BIAS NEUTRAL — H4/H1 EMAs bullish but RSI overbought at 74, daily structure bearish, and price trapped between 1.905 resistance and 1.9 support. KEY LEVELS R: 1.905, 1.91, 1.91226 | S: 1.9, 1.895, 1.87714 NEWS 🔴 S&P Global Composite PMI (GBP) — 08:30 UTC 🔴 S&P Global Manufacturing PMI (GBP) — 08:30 UTC 🔴 S&P Global Services PMI (GBP) — 08:30 UTC SESSION OUTLOOK High PMI data could trigger volatility; watch if GBP strength breaks 1.905 or weakness breaks 1.9. Overbought conditions favor reversals into London open. PRO UNLOCKS Entry zones

Key Levels

R: 1.90500 · 1.91000 · 1.91226

S: 1.90000 · 1.89500 · 1.87714